Purpose of Holding Strategic Shareholdings and Annual Review of Their Appropriateness
First written in FY2022. 4 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Regarding the Board of Directors' review of whether to continue holding individual shares as of the end of June 2026, the company monitored business alliances and transaction status with the investee companies, as well as their financial position and operating performance. It also reviewed factors including the impact on return on equity (ROE), considered the rationale and necessity of the holdings, and considered whether to continue its policy shareholdings.」
The company disclosed that the Board of Directors reviewed its policy shareholdings as of the end of June 2026, taking into account business alliances, transactions, financial position, operating performance and the impact on ROE. There were no holdings whose number of shares decreased during the fiscal year. - FY2025AdvancedAnnual report
「Regarding the Board of Directors' review of the appropriateness of individual holdings as of the end of June 2025, the company monitored business alliances and transaction conditions with the investee companies, as well as their financial condition and operating results. It also examined the impact on ROE and considered the rationality and necessity of the holdings, including whether to continue holding them as cross-shareholdings.」
The company disclosed that the Board of Directors had reviewed the appropriateness of cross-shareholdings as of the end of June 2025. - FY2024AdvancedAnnual report
「Regarding the Board of Directors' review of the appropriateness of individual holdings as of the end of June 2024, the company monitored business alliances and transaction conditions with the investee companies, as well as their financial condition and operating results. It also examined the impact on ROE and considered the rationality and necessity of the holdings, including whether to continue holding them as cross-shareholdings.」
The company disclosed that the Board of Directors had reviewed the appropriateness of cross-shareholdings as of the end of June 2024. It sold one unlisted shareholding for ¥333.835 million and one other shareholding for ¥11.110 million. - FY2023AdvancedAnnual report
「Regarding the Board of Directors' review of the appropriateness of individual holdings as of the end of June 2023, the company monitored business alliances and transaction conditions with the investee companies, as well as their financial condition and operating results. It also examined the impact on ROE and considered the rationality and necessity of the holdings, including whether to continue holding them as cross-shareholdings.」
The company disclosed that the Board of Directors had reviewed individual cross-shareholdings as of the end of June 2023. It also disclosed the sale of one unlisted shareholding. - FY2022First statedAnnual report
「For cross-shareholdings, the Board of Directors reviews each holding annually, examining its purpose, the benefits and risks associated with holding it, and other factors, and verifies whether continued ownership is appropriate. If the review finds that continued ownership is not justified, the company will sell the shares while obtaining the understanding of the issuer.」
The company has for the first time identified as a theme its policy of limiting cross-shareholdings to purposes such as business alliances, business relationships and stable financing, and reviewing the appropriateness of each holding annually at Board of Directors meetings.